Amendment to the Depository (User) Regulations, 2003

Registered No. D.A.-1
Bangladesh Gazette
Extraordinary
Published by Authority
Saturday, September 24, 2016
[ Notifications and notices issued by private individuals and corporations in exchange for others. ] Bangladesh Securities and Exchange Commission Notification Date: 04 August 2016 No. SECMRRCDI/2001-63/189/Admin/70:—Under the power conferred by sub-section (1) of Section 17 of the Depositories Act, 1999 (Act No. 6 of 1999), the Bangladesh Securities and Exchange Commission, with prior publication, has made the following amendments to the Depository (User) Regulations, 2003, namely:—

Schedule-4 (Fees for Services Provided by Depository) shall be replaced as follows:—

(14797)
Price: Tk 8.00

14798 Bangladesh Gazette, Extraordinary, September 24, 2016 "Schedule-4 [Regulation 48] Fees for Services Provided by Depository

Sr. No.	Fee Item	Fee Rate	Minimum Fee (in Taka)	Basis for Determination of Fee	Who Pays	When to Pay
1. Registration (Registration) Fee	(a) Equity Securities / Closed-End Mutual Fund	Tk 0.00015	5.00	Nominal Value of Securities	Participant	End of Month
	(b) ETF	Tk 0.000075
	(c) Open-End Mutual Fund	Tk 0.000075
	(d) Corporate Bond/Debenture and other Fixed-Income Securities	Tk 0.000075
	(e) Government Securities	Tk 0.00
	(f) Securities listed on Small-Cap Platform	Tk 0.000030

14799 Bangladesh Gazette, Extraordinary, September 24, 2016

Sr. No.	Fee Item	Fee Rate	Minimum Fee (in Taka)	Basis for Determination of Fee	Who Pays	When to Pay
2. Transaction (Transaction) Fee	(a) Equity Securities / Closed-End Mutual Fund	Tk 0.000125	0.000075 (In case of transaction by Market Maker)	Market Value	Participant / Custodian	End of Month
	(b) ETF	Tk 0.000125
				(In case of Secondary Market ETF Unit Transaction, except AP)	Participant / Buyer (Investor) / Custodian	End of Month
				(In case of creation and redemption of units in AP's own account)
				(In case of transfer or settlement of securities underlying ETF units in AP's own account)
				(In case of transfer of securities underlying ETF units held by AP as client during fund formation)
				Net Asset Value
				(In case of creation of units as AP's client)
				(In case of redemption of units as AP's client)
				(In case of transfer of securities underlying units as AP's client)
				(In case of transaction by Market Maker)
	(c) Open-End Mutual Fund	Tk 0.000125
				(Only in case of purchase, not in case of surrender)	Nominal Value	Participant / Buyer (Investor) / Custodian	End of Month
	(d) Corporate Bond/Debenture and other Fixed-Income Securities	Tk 25.00
				Per Transaction	Participant / Custodian	End of Month
	(e) Government Securities	Tk 10.00
				Per Transaction	Participant / Custodian	End of Month
	(f) Securities listed on Small-Cap Platform	Tk 0.00003	0.00 (In case of transaction by Market Maker)
				Market Value	Participant / Custodian	End of Month

14800 Bangladesh Gazette, Extraordinary, September 24, 2016

Sr. No.	Fee Item	Fee Rate	Minimum Fee (in Taka)	Basis for Determination of Fee	Who Pays	When to Pay
3. Annual Account Maintenance Fee	Depository (BO) Account per Annual Account Maintenance Fee 450/- Taka, of which the Depository shall pay the Depository Commission at the rate of 250/- Taka per Depository (BO) Account. Out of the said 250/- Taka, 200/- Taka shall be deposited into the Government Treasury. From the remaining 200/- Taka, the Depository shall receive 100/- Taka and the Depository Participant shall receive 100/- Taka.				Participant / Custodian / Joint	End of Month (Annual Advance)
	Explanation: In case of non-payment of Annual Account Maintenance Fee, the Depository shall close the Depository Participant's or Depository's accounts that have no securities. If any account has securities, the Depository shall keep the account suspended (suspended) until the fee (if any additional fee is applicable) is paid.
4. Depository Connection Fee	Monthly Tk 500.00			Monthly Fixed Fee for First Connection	Participant / Issuer	Monthly Advance
5. Additional Depository Connection Fee	Monthly Tk 5000.00			Monthly Fixed Fee for Each Additional Connection	Same	Same

14801 Bangladesh Gazette, Extraordinary, September 24, 2016

Sr. No.	Fee Item	Fee Rate	Minimum Fee (in Taka)	Basis for Determination of Fee	Who Pays	When to Pay
6. Annual Fee on Nominal Value (Face Value) of Issued Eligible Securities: (Taka)	Up to Five Crore Taka	Above Five Crore Taka but up to Twenty Crore Taka	Above Twenty Crore Taka	Annual Fixed Fee for Each Eligible Security	Issuer	Annual Advance
	(a) Equity Securities / Closed-End Mutual Fund	25,000.00	50,000.00	1,00,000.00
	(b) ETF			40,000.00
	(c) Open-End Mutual Fund		20,000.00	40,000.00
	(d) Corporate Bond/Debenture and other Fixed-Income Securities	5,000.00	10,000.00	20,000.00
	(e) Government Securities	5,000.00
	(f) Securities listed on Small-Cap Platform	5,000.00	10,000.00	20,000.00
7. New Issue/IPO (Issue) Fee	Tk 0.00015		Issue Value	Issuer	With Application / End of Month

14802 Bangladesh Gazette, Extraordinary, September 24, 2016

Sr. No.	Fee Item	Fee Rate	Minimum Fee (in Taka)	Basis for Determination of Fee	Who Pays	When to Pay
8. Re-registration (Re-registration) Fee	Tk 0.10	100.00	Per Security	Participant / Direct Custodian	End of Month
9. Documentation (Documentation) Fee	Tk 2,500.00		One-time, Fixed	Participant / Issuer	At Account Opening
10. Statement (Statement) Application Fee / Statement Verification (Verification) Fee	(a) Tk 5.00 per page for Hard Copy; (b) Fee-free for Soft Copy		Per Page	Custodian	With Application
11. Fee for Depository BO Account to Debit/Credit Securities, Instantly Sending SMS Notification to Custodian	Free and Regular

Explanation: The term "Government Securities" mentioned in this Schedule refers to the Government Securities defined in Section 2 (1) (b) of the Government Securities Act, 1969 (Act No. 19 of 1969)."

By Order of the Bangladesh Securities and Exchange Commission

Dr. M. Khairul Hoque
Chairman

Printed by Md. Abdul Malek, Deputy Director, Bangladesh Government Printing Office, Tejgaon, Dhaka.
Published by Md. Alamgir Hoque, Deputy Director, Bangladesh Forms and Publications Office, Tejgaon, Dhaka.
Reference No: SECMRRCDI/2001-63/189/Admin/70